By Jonathan Davies
Plans to turnaround PSA Peugeot Citroen appear to be working after the car manufacturer reported an increase in sales and revenues.
Revenues for the three months to the end of September were up 1.6% to €12.2bn (£9.6bn), compared with the same period last year, and sales were up 5.4% to 644,000 vehicles.
Sales in China were particularly strong. When the company was bailed out, Dongfeng Motors took a stake in the company and it appears to be having an affect, with a 44% rise in sales.
Taking Asia out of the equation, PSA Peugeot Citroen's sales were up 4.8%.
But the majority of the manufacturer's sales come from Europe, and it upgraded its growth forecast for European sales to 4-5%.
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